More than 3.5 million iOS users have installed “fleeceware” apps on their devices, UK security firm Sophos warned in a report published earlier this week. From a report: The term fleeceware is a new addition to the cyber-security jargon and describes apps engaging in a new form of online fraud. Coined last year by Sophos researchers, the term refers to mobile apps that abuse legal loopholes in the app trial mechanism on Android — and now iOS. Both the Google and Apple app stores allow app makers to create trial periods for commercial/paid/subscription apps. Users can install these apps and sign-up for a trial by giving the app permission to incur a charge on the user’s Play Store or App Store account. Once the trial period ends, the user is charged automatically on their card and allowed to use the app.
of this story at Slashdot.
Source:: Slashdot